OTCQB:UEXCF - Post by User
Post by
mangoeon Mar 18, 2019 12:38pm
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Post# 29501022
NewCoreFish, I don't have the answer to your
NewCoreFish, I don't have the answer to yourDestinator investorshub.advfn.com
NewCoreFish, I don't have the answer to your question right now. I am a proponent that every exploration company should keep a running table or EACH AND EVERY drill hole with a clear map for each and every property so that Investors can review them easily at any time - Zero holes included. Unfortunately, while regulators impose OVERLY extreme conditions on the 43-101 process, they have yet to demand that such a simple table be readilly available to all investors on-line.
I find it interesting that the fist 5 holes (reported almost immediately after the drill program started), found decent Cobalt Holes and then the next LONG OUTSTANDING holes find minimal Cobalt. Thank goodness for the assays of the old Sonic holes.
Note that there were 37 more holes to report on since the Feb 7, 2019 assays were reported. Only 31 of those remaining 37 have been assayed which means another 6 holes from the original 42 have yet to be reported on. Did their Spectrometer allow them to cherry pick which holes they would submit for Assays first and last? I don't know but I watch for stuff like this all the time when it comes to my investments. For now, I too eagerly await the result of those 6 holes.
Another question that I have is, why did they not assay the Sonic holes before spending money on 110 new holes? I'm not suggesting that they should have assayed all 199 of them, but a widely spaced sampling could have steered some of those drilling dollars into a much easier targets that would have had better chances of more positive results to BETTER ENHANCE VALUE for shareholders PRIOR TO THE MAIDEN 43-101 taking place.
As was the case with the drill target strategy for Christie Lake, it appears that the strategy for West Bear targets was also flawed. I also believe that Christie Lake has much better places to drill than have been this past year. I also agree with the plans to drill the Hidden Bay Basement though I would like to see a couple of holes poked there ASAP. But I digress.
Back to West Bear - Since the remaining 74 holes have already been drilled, all we can do is wait and hope for some good results. Had we invested that money in a dinamond drill program directly adjacent to the Sonar Holes we would be likely be reviewing EVEN BETTER results today. Now we have to wait and see if MGMT decides to drill the remainig 50 holes budget to be drilled as 25 holes at double the length adjacent to the old Sonic holes.